Raymond James downgraded Regions Fincl (NYSE:RF) from Strong Buy to Outperform in a report released today.
- Updated: October 6, 2016
Raymond James has downgraded Regions Fincl (NYSE:RF) from Strong Buy to Outperform in a report released on 10/6/2016.
Previously on Thursday August 25, 2016, Keefe, Bruyette & Woods reported about Regions Fincl (NYSE:RF) raised the target price from $0.00 to $10.50. At the time, this indicated a possible upside of 0.09%.
Yesterday Regions Fincl (NYSE:RF) traded 0.44% higher at $10.31. The company’s 50-day moving average is $9.78 and its 200-day moving average is $9.16. The last stock close price is up 13.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,843,087 shares of the stock were exchanged, down from an average trading volume of 17,896,800
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Regions Fincl has a 52 week low of $7.00 and a 52 week high of $10.43 with a P/E ratio of 13.03 The company’s market cap is currently $0.
In addition to Raymond James reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $9.97 with 8 firms rating the stock a strong buy, 7 firms rating the stock a buy, 14 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Regions Fincl (NYSE:RF)
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.
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